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energy, electric motorcycles, nascar, hollywood, even rum makers in the caribbean. proponents say this is great news for jobs, but with nearly 16 1/2 trillion dollars in debt someone here says if don't start trimming the fat now, we're only killing more jobs later. so, who is right? hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it, the bulls and bears this week, gary b smith, tobin smith. jonas m ferris and gary and caroline. welcome to everybody. gary k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the newyear. why is that? >> could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that's crazy. look, when you continue to raise spending it ends up being a tax on the economy, it keeps the headwinds on the economy, still at 7.8%, if you add in the people that came out of the work force we're more like at 11. it does nothing for nobody because government is inefficie inefficient, there is no profit motive and the inefficiencies
who ran mid-american energy and was a potential successor to warren buffett. the securities and exchange commission deciding not to pursue enforcement action against four alleged insider-trading involving a company that he bought shares in that warren buffett eventually bought. they made a lot of money. i have reaction on fox business here coming of. and at one point called ashkhabad $30 an ounce. the after market it has pulled back just a bit, but let's get right to the floor. traders at the new york stock exchange, cme, and nymex. you're looking at technicals. 1465 for the s&p 500, but we have some pretty strong days. not all successively, but what do you make of this? >> is still looks like indices can push a little higher in the short term. my levels of between 1475 and 85. the dow has the potential to get to 13 does a 600 right up near its september highs. it's funny. if you look, nine of the ten sectors right now are actually i knew nine or higher week highs. the highest total since october. four of the ten major sectors at new yearly highs. financials, industrials, co
, the simplest thing to do is just in effect make gas more effective. but theseust become energy stream and one more thing about the carbon taxes, what they do is they often by grandfathering in current polluters, they are a giant giveaway to the friends of the current administration. melissa: is a great point nobody talks about. clearly we could spend all night on this, but i want to move on, maybe i'm looking at this all wrong. we should bite the bullet and early tax people and pay down the debt once and for all. if we just grit our teeth and raise taxes once and for all as tax everyone 40%, no exemptions, nothing, just 40%, we could wipe out the debt in three years. a good idea? >> not a chance. melissa: why? >> did you check your math? melissa: so maybe it takes four years, five years, why not tax everybody 40%? >> even if you raise taxes to 100%, you could not pay it off. the only question is how can we do it, will we do it honestly or through inflation? it is impossible to pay the debt off. when you look at the unfunded liabilities that dwarf the official debt, we cannot tax our way out o
entered into a definitive acquisition agreement. a deal worth $1.1 billion. energy capital plans to operate as a stand-alone business operation with the current management team remaining in place. global spending on electronic will rise this year. , and smart phones will account for 40% of all of that spending. that is the latest from the fox business network. giving you the power to prosper. the local we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. nothing. are you stealing our daughter'school supplies and taking them to work? no, was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. connell: president obama expected to nominate chuck hagel to be the next defense
seemed to really gain energy from the things that were directed at them. john: you did not mind being paid. >> i think he loved it. i think he loved being hated as much as 11 people agreeing with him. he left the back and forth the idea so much that he drew energy from it whether or not someone agree with them are not. i think he definitely gained energy. john: and he thrived by reporting things that the mainstream media was just skipping and the biggest example is the acorn story. you were part of the beginning. do-gooders', helping poor people. it turned out they were sleazy and maybe engaging in voter fraud. then came this pen pen prostitute. utility. >> speaking with james o'keefe about a video he had done. and at a maura flynn at the end of the conversation i asked him, so, what are you working on now. he began to describe the acorn videos that he and anna were working on. i couldn't believe what i was hearing. i thought, well, is this kid has what he says he has this is huge i asked him what his plan was for releasing these videos, and he said, he had approached the networks and
energy. those two got upgrades. that is why you see up arrows. hess up for example, 1%. deutsche bank upgraded them to buy from hold. lori: thank you, nicole. we have new evidence sanctions against iran are starting to hurt even as the nation refuses to rein in its nuclear program. melissa: turns out flat rate is going up. what you need to know as the usps raises prices again. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, aner any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorn
cents, energy bear, efy, outperforming today the leveraged etf makes a triple bearish bet on energy market, a trifecta if you like. sandra: a new report out from fannie mae giving a lift to two housing-related plays, sill yo and trillo. 40% of the people think home prices will go up in the new year. >>> earnings season about to kick off. we have an analyst from thomson reuters with three stocks, he said, ashley will beat. he has three stocks that he thinks will beat earnings estimates. they may surprise you. ashley: get a pen and paper. write them down. the college bowl season reaching its pique as noter -- peak as notre dame takes on alabama. would that be better or worse for business though? we'll investigate. sandra: we certainly will. first we'll take, tell you what drove the markets today with today's data download. stocks falling with all three major averages closing lower as investors get ready for tomorrow's start of fourth quarter earnings season, everybody. s&p index retreating from a five-year high to end in the red. utilities and energy was the day's worst-performing sec
up about three points right now. the sectors that are showing strength are staples, energy and technology. back to you. connell: thank you. dagen: the controversial topic of video games and nonviolence. so the government regulate this industry? connell: the chief executive officer of apple says china will some day be his company's biggest arc appeared we will talk or about that as well. speaking of going global, look at some of the currencies around the world. we will be right back. ♪ [ malennouncer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i casave
seemed to really gain energy from the things th were directed at them. john: you did not mind being paid. >> i think he loved it. i think he loved being hated as much as 11 people agreeing with him. he left the back and forth the idea so much that he drew energy from it whether or not someone agree with them are not. i think he definitely gained energy. john: and he thrived by reporting things that the mainstream media was just skipping and the biggest example is the acorn story. you were part of the beginning. do-gooders', helping poor people. it turned out they were sleazy and maybe engaging in voter fraud. then came this pen pen prostitute. utility. >> speaking with james o'keefe about a video he had done. and at a maura flynn at the end of the conversation i asked him, so, what are you working on now. he began to describe the acorn videos that he and anna were working on. i couldn't believe what i was hearing. i thought, well, is this kid has what he says he has this is huge i asked him what his plan was for releasing these videos, and he said, he had approached the networks and rele
energy and extract from the ground and farmers and manufacturers and shippers, you know, those companies that constitute the bulk of the economy. it is it hit. it is fine if you are making application for the iphone and then youre not hit so much. >> rick, you were a small businessman and the folks who make things. you were in the intellectual property realm. >> it is fasnating and the reason we have regulation and it is people who are in the positiono do harm to their customers have the regulations. why? because before they had regulations they were doing harm. there are rules that protect the public safety . the congress and snate is breaking its own rules by not passing a budget . that's the issue . in issue, it is not a lack of rules but a short annual of enforcement . that is not the same as making the economy more affective. >> the trouble with you, john. your did maching and. >> i see you taking your point. i have gone up in washington. very often thape make sure they have jobs later on >> i so how that is a burrcrat. >> we are not talking about those rules. we are talking about h
are beyond petroleum for alternative energy. they are lying. is nonsense. >> as a result of the crisis and now they're known as battered petroleum. john: talk about apple. it is a big deal with a significant ceo and he get sick. >> if you tried to right the pierre playbook based on apple it would be a complete failure. they break so many rules. did not talk about anything. openly hostile to media. and it works for them because they had enough innovation to get away with it. >> steve jobs was terrific with marketing but lousy with puerto rico. they refused to say how ill he was or what he had. he was the ceo. that was material information. he stayed alive with cancer long enough to build up his successor and build strength so when he died the stock did not go down. john: occasionally bad news can be good for business. like the tragic killing of trayvon martin may have helped skittles. he only had a bag of skittles that was the scene of the protest that followed. >> marching with signs and skittles in honor of trayvon martin rallying wearing a hoodies and carrying skittles. john: skittle
the new york post that quote, he's supposed to be the face of clean energy and he just sold out to very big oil. by the way, al gore was not at that meeting. the staffers are mad because he sold to big oil, not because he sold to al-jazeera. >> and where have the the staffers been. al gore has always been big on everybody else being socially responsibility except him, including his private equity fund doesn't invest in a lot of clean energy. the staffers should have known this about al gore a long time ago. >> the former vice-president of the united states of america sells to al-jazeera. >> al-jazeera, and because, by the way, he sold to them because he says they were ideologically compatible. stuart: not glenn beck. charles: oh, no, al-jazeera wants to bring the voice to the little people. and of course al gore made 100 million on the deal. not little any way you can describe it. >> the quickest way to destroy your credibility, watch what you're doing with your money and what you tell people to do with their money. stuart: welcome back, liz. and we've heard some have not bought into it
. it is very hard to get there without destroying the economy. we are proposing a third bucket. it is energy. we have it more than anyone in the world now. we traded 1.75 million jobs in fracking natural gas alone. there is great opportunities for us to put people to work. we can bring cash to the federal government. this is the way to put it together. we have the ability to do it. the states are doing it. we have to open up some federal land. we have to get the permitting process right. we have to get people to understand this is being done in an environmentally friendly way. we have to go offshore, we have to go to alaska, we have to be, energy economy. connell: thoughts on jack lew. it is an important nomination. >> jack lew is an accomplished professional. he has been the head of omb twice. he has been the chief of the white house staff. my favorite is you work for the speaker of the house. he understands congress. we think jack is a guy you can work with. connell: no big concerns about anything in the past from him? >> no. jack is a tough though though she had her, but the bottom line i
with the electrical system on the aircraft. energy stocks notably weak, especially the big exploration and production companies even as oil prices are steady today. all three names in the red by a percentage drop, anyway, baker hughes, the worst performer now in the markets. now, money continues to flow out of utilities, and it's been that way, really, since the election back in november. look at these names here, the stock at 29.90. more than a 1% drop, and nrg and in the negative now as well as stocks on the radar in the final hour of trading. let's get to our floor show. we got traders standing by for you at the new york stock exchange, the cme group, and ben willis near the floor of the new york stock exchange. off session lows, the dow has been, but are we over relief rally, if you will, from the fiscal cliff? >> well, if you believe there was a relief rally, and, this yes, we're over it. it is a natural pullback of the weekly performance where we put on last week. this is again, reiterating, a buying opportunity for long term investors. buying a trade that works well when the market is under pr
of the day's other headlines. five stories, one minute. first up china is betting on solar energy. the country's top economic planning official says china plans to more than double solar capacity this year and to 10 gigawatts solar power capacity. >>> amazon is planning to open a one million square foot fulfillment center in new jersey. the new facility expected to open early next year and it will create hundreds of jobs. we need them. >>> target is pledging to match prices of select online rivals, sorry around the nation's second largest discounter, will match deals customers find on identical products all the time. i think that was year-round. ashley: it was year-round. sandra: gotcha. samsung expects record high fourth quarter profits. the company sate operating profit would be $8. billion and beating estimates up 89% from a year earlier. >>> anheuser-busch is promoting a new buyer at super bowl for the second year in a row. the beer giant pushing budweiser black crown plan. expected to be on sale nationwide january 21st [buzzer] ashley: you made it. sandra: ashley will try it
and there's a benefit but in this study the benefits of economic development, energy security in our continent far outweighs the risk. melissa: even if we do harvest this natural resource, do you think that the study shows we need to be more careful about how we're doing it? >> always. it is always a learning process. melissa: yeah. >> fact that they found it, now they can work with the industry, find technology perhaps to reduce things. if his speculation was we do more it will get worse. that is speculation and work with industries to find the right technologies to make sure it doesn't. but at the end of the day, our economy, world runs on fossil fuels, 80%. it is not going anywhere. do it safely. melissa: can't run the world economy without question. what impact of this study do you think? it is getting a lot of attention. that is why we're doing it. >> i saw it all over the place, and the word carcinogens. if you have a a barbecue steak, the same chemicals found deep in the mud are the same chemicals you will be eating on the barbecue. certainly this is the kind of issue that get
&p sectors in the green led by financials and energy as ashley just told you. rates meantime, here's a look at the 30-year fixed rate mortgage rising to its highest level in eight weeks. freddie mac reporting 3.4% from 3.34%. the 15-year rate rose to 2.66%. and the number of americans filing new applications for unemployment benefits rising by 4,000 to a total of 371,000. prior week's total was revised lower by 5,,000, splitting hairs quite a bit on the weekly readings, but the bottom line we're still trending toward improvement. ashley: we are hoe humming along. we've got john brady in the pits of the cme, david flyer and jack ablin, chief investment officer of bmo o private bank. let's begin with john at the cme. i guess the story has been china gave the markets a nice boost with much better economic data. has that been the big story? >> it is, it's the number one story. but likewise, too, we saw a tightening back today of european sovereign yield spreads over in europe, italy, spain and portugal specifically. that helped boost overnight markets and, of course, economic data here was rela
of the team the only energy the unit to throw you out. that is so we have permitted with your insurance you pay for monthly. lori: this is a crisis. >> it is a huge crisis. lori: the president is invited to give the "state of the union" address. author of the book wealth and poverty is here. also our fox news legal analyst is here. the deadly flu epidemic sweeping the nation. we will be right back. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or prob
to be the face of clean energy. he just sold the channel to very big oil. you will never have here, it appears. there is also a reported 100 million-dollar payoff from a 100 million-dollar deal. thank you very much. and they public-policy poll on how unpopular congresses. the survey asking americans to choose between congress and some other things. it turns out people at this like congress more than traffic jams, colonoscopies, and all that. brussels sprouts, genghis khan, donald trump, and nickel back and cockroaches as well. they did manage to beat out tim kardashian, lindsay lohan. and taxpayers should be paying for abortions? the "a-team" with cheri jacobus and hank sheinkopf joining us next she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis ishe only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgentl
% of the current stocks. as if he had some credibility to begin with. he is supposed to be the face of clean energy. he just sold the channel to very big oil. you will never have here, it appears. there is also a reported 100 million-dollar payoff from a 100 million-dollar deal. thank you very much. and they public-policy poll on how unpopular congresses. the survey asking americans to choose between congress and some other things. it turns out people at this like congress more than traffic jams, colonoscopies, and all that. brussels sprouts, genghis khan, donald trump, and nickel back and cockroaches as well. they did manage to beat out tim kardashian, lindsay lohan. and taxpayers should be paying for abortions? the "a-team" with cheri jacobus and hank sheinkopf joining us ne he lou: to him know the "a-team." we have a lis wiehl and cheri jacobus and hank sheinkopf. hey, let's begin with you. 77% of the people. we have all of this initiative for gun control and 77% of the folks say washington dc is hurting the nation. one of the world is going on here? >> they are not happy with the president or c
ran mid-american energy, did a beautiful job, who told me this was one of his best managers. it broke his heart that someone would buy stock and then whisper in his ear. another thing that he had said that during the time, that he misled us about who came up with the idea. it was really bakers and not david sokol. either way, he was cleared and there you are the one so you see this and respected newspapers. the leading broadcast with good folks, following what liz claman is doing in the media. will lead tomorrow? i will give you an early hint. >> look at page 26. if you're lucky. anyway, liz, thank you so much. meanwhile, back your money. did you take a peek your paycheck this week? it's a little smaller, is not? the payroll tax credit is gone. the new tax rate is on. more than 80% of working americans waking up to the sober reality ths weekand john sununu says there is no relief for this hangar where anytime soon. governor, several people said what is going on. i'm not a fat cat, i'm seeing higher taxes. you know, it's happening in a lot of places across the country, isn't it? >> ye
to wait, people claiming residential energy credits, depreciation of property to more general business credits. time ticking down to fix the debt, but the government keeps fracking in up. a new report saying the u.s. might be crashing through the debt ceiling soon and that we thought. for more honest and republican congressman james langford of obama. welcome back to the show. always good to see you. >> thank you. glad to be with you. gerri: the cbo is saying that we are on track to rack up our fifth year of a trillion dollar plus debt, and already deficits and this year alone the fiscal year alone, $2,903,000,000,000 in deficits just in this first quarter. tell me, can the american people trust congress to fix this problem with a -- fix the fiscal cliff and deal with the debt ceiling? >> the fiscal clefted not fix the debt, and that was the big debate during the fiscal of conversation. is this affecting tax policy or is this about trying to pixar debt and deficit. there was a group that said let's fix the tax policy in deal with the deficit later. as supporters sang, we must deal with
class with an energy tax, a carbon tax, an energy tax, a gasoline tax. they have been pushing this back to al gore and bill clinton. they always wanted to do this. it's a massive tax increase on the middle class. obama stands there and says it's not a tax on the middle class, but environmental thing. well, it'll be thousands of dollars, but it's not going to happen because the republicans in the house are committed to not raising taxes. your earlier comment was they were so much against tax increases they didn't want to vote for a measure their constituents might misunderstand to be a tax increase. our commitment against tax increases are stronger than ever. those people who jumped out and said we might raise taxes in the future have been embarrassed. charles: preernght it. -- appreciate it. talk to you soon. >> my pleasure. charles: are we raising a generation of spoiled brats? that's the case. more college kids feel more than ever they are special, even though they have not done anything. we asked thoughts about this at 10:45. at ten, critics of the nra bashing two of the biggest hote
through 12 education and 450 million dollars extra for school, energy efficiency projects. steve malanga is here, the expert on state finances. i'm saying that, yeah, i've been harsh on california in the past, the formerly golden state. i say you've got to look more deeply at this budget it ain't as good as it looks and you say what? >> a couple of things, first of all, california has been essentially borrowing to increase its spending and they have about 23 billion dollars of debt that they have to pay back. it includes-- >> hold on, i've got to interrupt. they got 23 billion dollars. more debt than that, this is just budget deficit. stuart: this is fresh borrowing to cover the 26 billion deficit in the past and that 23 billion has to be repaid, but is not included in this budget. >> well, yes, actually it is included in the budget. in other words, a lot of the money from the tax increase and tax revenues currently are actually going to basically pay back borrowing against previous budgets. so and then the the second thing that's happening is california is not really reforming its spend
, but it matters to a lot of big multinationals that use energy, and, of course, it's always the consumer. >> it's going to be a bigger story next week. we are caught in a sideways pattern for the last week, week and a half, and that pattern caused very little movement in crude oil; however, next week, it's due for the move. what i see is if it breaks 94.20, we're headed up, and headed up to $98. we could be going to $86. we could see that next week. liz: gentlemen, try to have a good weekend. it's the flat line for the dow jones industrials. thank you for joining us. >> thank you, liz. liz: any time. so many cross currents in the markets, stocks at five year highs, weakness in the bond market, fair amount of volatility, and so with that in mind, what's the game plan for 2013, and what's that mean for firms tied to capital markets? perfect person to have on this. a fox business exclusive with howard, fitzgerald ceo of bcg partners. there's 20 # things thrown at you, but you are the guy with a broader picture of everything from commercial real estate to trading volumes to what's happening with th
no income tax for years. they rely on a windfall from the rich energy resources as well as other forms of taxation, including a sales tax. political analysts are warning the proposal to eliminate income tax could be followed by a plan to raise the sales tax. the office responded to the claim saying only he wants to keep the sales tax as low as possible. well, from texas to investment, it is a mad-toward equity mutual funds in the new year. inflows for the first week reaching $22 billion in his second highest level in history and the highest in 11 years. emerging-market equity funds saw the biggest inflow reheat to cover teeseven and a half billion. ceo of edelman financial services joins me now. when regular investors finally get interested in equity says it mean it is almost over? >> ordinarily i would agree it to my yes, it does, but not this time. you know why? it has been five years since ordinary consumers have had any confidence at all in the u.s. stock market. finally, after watching the stock market rise for years in a row doubling from its margin of nine note and the investors
housing and energy prices and job growth have all been trending to the better, if they continue to provide the offset we may be able to manage the wow, my paycheck is less. but it will make at least a little bit of a dent. neil: all right, liz great to see you again. president obama the anti-ronald reagan? because of his latest move to divide congress? one of "the gipper"'s right-hand men, how the president could make bipartisan anything impossible. ♪ grew up in a small to and when the rain would fall down ♪ ♪ i'd just stare out my window ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i would pray i could breakaway ♪ ♪ i'll spread my wings and i'll learn how to fly ♪ i'll do what it takes till i touch the sky ♪ ♪ i gotta take a risk, take a chance, make a change, and break away ♪ ♪ wanna feel the wa breeze, sleep under a palm tree ♪ ♪ feel the rush of the ocean ♪ ♪ get on board a fast train, travel on a jet plane far away ♪ ♪ and break away ♪ out of the darkness and into the sun ♪ ♪ but i won't forget the place i come from ♪ ♪ i gott
housing, energy prices, job growth, have all been trending to the better. so, if those things continue to provide that offset, i think we may be able to manage the, wow, my paycheck is less, but i think it will probably make at least a little bit of a dent. >> neil: all right. great seeing you again. >> thanks for having me on. >> neil: happy new year. hope springs eternal. president barack obama, the anti-ronald reagan? not all because he's going full throttle on tax hikes, because of his latest moves to divide congress. one of the gipper's right-hand men on how the president could be making bipartisan anything impossible. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a busiss you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and
in seven months. alton sectors closing in positive territory. energy and financials, the top performers climbing more than 5% . the u.s. economy adding 155,000 jobs in december as the unemployment rate held steady at a four year low. the revisions to october and november increase payrolls by a combined 16,000. the u.s. services sector growing at its fastest pace in ten months in december. the non manufacturing index rising to 56 last month from 54 in december. r. rating above 50 indicates expansion. david: all of this covered, our market panel, heather hughes, regional vice president of sun america funds. greg johnson, a technical market strategist. i want to start with dan at the cme. the ten year treasury is still below 2%, the yield on the ten year treasury. but that's pretty high. it's put the price of gold. it did not put the market. >> that is an excellent question. initially a rise in interest rates mean that people think the economy is doing better and money is coming out of bonds, probably going into stocks. initially this is good, but if we were to go for another 23 or 24 basi
for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acres harvested down slightly. the stocks way down. a lot of farmers sold in this. >> we are really starting to worry about the next year. we cannot have another year like this past year. jeff: we had a lot of money come into this market when that happened last year. if we get another drought, oh baby, this could be a place to make some money. lori: it makes you wonder if mother nature has a bet on commodities. jeff flock
the housing sector, the energy sector and manufacturing which is undergoing a revival. cheryl: the fiscal cliff discussion finally ended but at the same time you got what you wanted, you wanted to see unemployment benefits extended. you got your wish the we have an unemployment rate unchanged month over month. >> that really gets it. i agree with him. we really have to get a head winds and what is creating this uncertainty around a short-term and long-term fiscal issue and for media -- that will put more wind in the sale of households because they have to reduce their debt and increase savings, build that will back up in the home and that will be one of the key drivers. 70% of national income comes from personal consumption. cheryl: at the same time i don't know that building a savings rate among the nation's middle class in particular will happen. the payroll tax, that holiday expires, that is one instance of how paychecks are different. we will talk about that on the show. >> you have the payroll tax go back to its original level to help preserve social security in the future and fundin
in things like health care and energy and that sort of thing. that's how we stay on the leading edge. >> getting ipos from everywhere. as we finish up, you were one of the ceos who signedded the fix the debt campaign, a plea and pledge to washington, d.c.. >> uh-huh. >> do you feel we fixed the debt with the deal that we got? >> liz, i'm an operate, not an economist, but i'm very disappointed of what's coming out of washington. i don't see anything that makes us feel we'll get the debt under control, bring confidence back to business, and see that in the investment cycle reignite in the business, and we have to change that. >> look forward to future conversations with you. >> thank you. >> i have to finish cleaning your phone. >> you got it. >> he has an iphone 5, let the record show. with this -- how much? $14? , this cleans it up, and it's cute, in boy and girl. >> i'll be back often to have you do that for me. >> thank you. by the way, coming up, as i said, dish's ceo, joe clayton, first on fox business speaking to us first. they have such disruptive technology with ad skipping, a
, on pace to do the highest since the 1980s. that is pretty incredible, and it's changing the global energy stage as we stand here now. >> great news definitely. natural gas having swings today. talk about that. >> i don't know what's swinging more, the natural gas or weather reports. we are going back and forth. what's interesting in this report, natural gas prices, the spot prices, they fell a whopping 31%. that is incredible. the lowest prices for natural gas since 1999. you want an advertisement for shell gas production, that is it, and not only that, that shell gas production is cleaning the environment because we use more natural gas, using less coal, that means less greenhouse e mageses, and they are musing less emissions than they have in many years. great news today. >> wow, thank you so much. great report. >> thank you. >> okay, switching gears here to talk about the housing market. six years after the bubble burst, the consumer protection bureau set to outline a new set of home loan rules, but will the guidelines make the mortgage process transparent or add to confusion? asking s
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